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Marinero
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"Trading is a game of probabilities. I'm not a fortune teller, but a trader. If you hold onto your ego to be right every time, stress will consume you, affecting your win rate. BNF, the legendary trader who earned 110 million from 15 thousand, says his win rate is 55-60%. Mark Douglas, the legendary trader who wrote the book 'Trading in the Zone,' says you'll see repeating patterns, but the outcome won't always be the same. There isn't a single person who can accurately predict the market; if there were, they would have long ago surpassed Bezos as the richest person on earth. If you can't overcome your ego, acknowledge less likely possibilities, and go with the flow, you'll sit on losing positions and lose money. That's why risk management is a fundamental understanding in trading." #CryptoWatchMay2024 #BTC #BNB #binance #Ethereum

"Trading is a game of probabilities. I'm not a fortune teller, but a trader. If you hold onto your ego to be right every time, stress will consume you, affecting your win rate. BNF, the legendary trader who earned 110 million from 15 thousand, says his win rate is 55-60%. Mark Douglas, the legendary trader who wrote the book 'Trading in the Zone,' says you'll see repeating patterns, but the outcome won't always be the same. There isn't a single person who can accurately predict the market; if there were, they would have long ago surpassed Bezos as the richest person on earth. If you can't overcome your ego, acknowledge less likely possibilities, and go with the flow, you'll sit on losing positions and lose money. That's why risk management is a fundamental understanding in trading."

#CryptoWatchMay2024 #BTC #BNB #binance #Ethereum

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"One piece of advice, if you're struggling with your portfolio and holding onto something that's caught in a strong downtrend. From a psychological standpoint, watching a position only move downward can be painful, sometimes triggering a negative spiral where you start doubting yourself, your skills, and your future. For example, when you've exited toxic relationships that drained your energy and made you wonder if there will ever be a better partner willing to accept your love. Letting go of relationships is hard, but sometimes it's the right step to take, to not be dependent on a potential return in the future. The thing is, sometimes you just need to start over. So, circling back to altcoins, just the thought of switching a position you've held in the red for a long time to another one that offers a good risk-to-reward ratio can be a great decision. Your brain starts shedding the past 'pain', looking positively at the new trade you're making. As a result, your energy gets a boost and prompts you to spend more time, acting more rationally and qualitatively, as you've learned lessons from previous trading mistakes, increasing the likelihood of success. Similarly, you learn after a breakup: you start to understand what you want in relationships and what you don't. Of course, this method should be applied after thorough chart scanning, but it's very helpful. It's not about chasing, but recognizing that sometimes there are better opportunities in the market." #binance #Bitcoin #Ethereum #DeFi #Web3
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price dynamics exactly a year later: $BTC: +131% $ETH: +61% $XRP: +19% $ADA: +21% $DOGE: +111% $MATIC: -22% $SOL: +605% this underscores the importance of asset selection. for example, if you had bought MATIC on May 14, 2023, you would have lost 22%. if you had bought SOL, you would have grown sixfold. this cycle doesn't resemble the previous one. the value of choosing the right coins has multiplied. this is crucial if you want to profit in this bull market: only ~15% of altcoins are likely to experience significant growth during the upcoming alt season. choosing the right assets now is more important than ever. essentially, you have several paths to choose from: - follow leads from hot news - follow strong and popular mid-cap projects - follow the leaders of this cycle. on Coingecko, there are over 14,200 coins, of which a maximum of 5% make sense. this means you need to choose 10-20 coins out of 700 (5-10 for some). I believe it's better to choose coins with higher chances of significant growth in this cycle than to chase numerous leads for 100x returns. some from my watchlist: $ETH - $8-9k - conservative target. $SOL - it would be foolish to ignore the most popular blockchain of this cycle. $WIF / $PEPE - I'm not a big fan of memes, but it seems like 15B-20B mcap is quite realistic. $ONDO - favorite RWA coin. $TAO - the true potential of the artificial intelligence industry has not been fully realized yet; I believe it will reach even greater heights. $PRIME - AI+GameFi, been writing about this project since last year; top-notch ecosystem with a solid player base. I'm also keeping an eye on $ENA. Binance could have a huge position here, and it's interesting to note that the next unlock will only happen in April 2025. A look at the classics: $OP - several venture funds are involved in the process, and it seems they have reached a consensus on the next pump. as for strong low-caps, there aren't actually that many: AI: $GLQ, $NMT, $AGC RWA: $IXS, $CPOOL DePIN: $WNT, $KREST, $NOIA. #binance #BTC #ETH #DeFi #Web3
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